IFC Extends $400 Million Loan for Pakistan’s Reko Diq Mine
The International Finance Corporation (IFC) will provide a $400 million subordinated loan to support development of the Reko Diq copper-gold...
Economics
Vietnam Gains BRICS ‘Partner Country’ Status, Brazil Confirms
The BRICS group of major emerging economies accepted Vietnam as their official partner country according to Brazil's government announcement on...
Fed Expected to Hold Rates as Geopolitical Risks Mount
The Federal Reserve maintains expectations to maintain interest rates at their current levels during the upcoming week because policymakers need...
Bank of America’s Markets Unit Eyes 13th Straight Revenue Gain
Bank of America's markets division expects to achieve its 13th consecutive quarter of revenue growth according to CEO Brian Moynihan...
US Inflation Expectations Dip as Consumer Confidence Rises
The New York Fed survey from Monday showed Americans becoming more optimistic about inflation and their financial situation during May...
Wall Street Rises as Jobs Report Eases Recession Fears
Stock prices in the United States experienced a positive movement on Friday because the strong May employment data reduced market...
US Holds Back on Labeling China Currency Manipulator
The U.S. Treasury avoided labeling China as a currency manipulator in its recent congressional report while strongly condemning Beijing for...
Trump’s Tariffs May Slash Deficit but Hurt Growth
The Congressional Budget Office (CBO) predicts that President Donald Trump's extensive tariff plan will decrease the federal deficit by $2.8...
ECB Poised to Cut Rates as Trump Tariffs Loom
The European Central Bank will probably lower interest rates by 0.25 percentage points on Thursday as European growth remains modest...
Germany Pushes Tax Cuts to Revive Slumping Economy
The new German government presented a comprehensive economic growth initiative on Wednesday to revitalize its declining economy which has experienced...
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